Gambling Companies
Gambling Companies, Gambling Stocks
Caesars to Develop Casino in South Korea
SEOUL/HONG KONG (Reuters) - Caesars Entertainment Corp looks set to build its first gaming resort in Asia after South Korea granted preliminary approval for a large-scale foreigners-only casino - a key boost for a company that has largely missed out on the region's boom in gambling revenues.
The consortium of Las Vegas-based Caesars, Singapore's OUE Ltd and Hong Kong-based Lippo Ltd is also one of the first foreign ventures to gain an entry into South Korea's casino industry, a promising market by virtue of its proximity to China and the country's wealthy punters.
Ifrah Law Wins Dismissal in PokerStars Class Action
Ruling for defendants in plaintiff-friendly jurisdiction likely spells end of class action
Billionaire Macau Real Estate Developer Joseph Lau Found Guilty of Bribery
(Reuters) - Real estate developer Chinese Estates Holdings said on Sunday its Chairman and Chief Executive Joseph Lau has resigned after he was found guilty of bribery and money laundering charges in Macau.
Caesars Claims Hidden Agenda Behind Mass Unflattering Background Check
Attorneys for Caesars Entertainment are citing newly released information from a Massachusetts Gaming Commission report as the main reason for an “unflattering background check” that prevented the casino giant from landing a lucrative contract in the state.
Mandalay Bay Will Pay Half-Million Dollars After Drug, Prostitute Bust
LAS VEGAS (Associated Press) - The Mandalay Bay Resort plans to pay a half-million-dollar fine after employees at an upscale Las Vegas Strip lounge provided prostitutes and drugs to undercover officers.
The Nevada Gaming Control Board filed a proposed settlement with the casino this week. It’s awaiting approval by the Nevada Gaming Commission.
Bwin.Party Sees Return to Growth Ahead of World Cup: Activist Investor Watches
(Reuters) - Online gambling company Bwin.Party said this year's soccer World Cup would help it to return to growth after problems in Greece and a shift away from riskier markets cut earnings in 2013.
Bwin.Party is concentrating on fewer markets where regulations are more clear cut and is expanding in the United States as gambling rules are relaxed there.
Rival Betfair, another of a cluster of online gambling companies that have grown up over the past decade, is pursuing a similar strategy.
Internet Gambling Growth Slows in New Jersey
ATLANTIC CITY, N.J. (Associated Press) — The growth of New Jersey's Internet gambling market slowed somewhat in its third full month of operation, with the Atlantic City gambling websites posting a nearly 9 percent revenue increase in February.
The 16 online gambling sites had posted a 28 percent gain in January, to $9.5 million. In February, the online sites won $10.3 million.
Online Poker Room TigerGaming.com Now Offering 24 Hour Payout Guarantee
The management of the Chico Poker Network are once again thrilled to announce that, after their acquisition of the network, they can now put out a very strong and positive message to all players at TigerGaming.com! They are offering 24 hour payouts, guaranteed - via Skrill, Neteller and EcoPayz, to all their players online!
Sands Casino Guest Credit Card Information Hacked Into
If you have stayed at the Sands Bethlehem Casino or any of the other Sands Las Vegas affiliated casinos, including the Venetian, you may want to double check your credit card bill. It turns out that customer credit cards have been compromised as part of a hacking that took down all of Sands site an entire week last month.
‘I’m Not a Sore Loser’ Says Man Suing Casino That Let Him Lose $500k Drunk (Video)
"Just picture a drunk walking the street and he's drunk, and someone pickpockets and takes his money from him. That's how I characterize it," Mark A. Johnston said in an interview with CNN. "I feel like it's the days of old Vegas, the way they've been extorting me with letters and attorneys."
Paddy Power Stops Pistorius Bet: 1000 Wagers Taken, Over 5000 Complaints
Irish bookmaker Paddy Power has finally caved in and ceased taking wagers on the Oscar Pistorius murder trial in South Africa. Pistorius shot his wife dead last year, mistaking her for an intruder. The paraplegic runner insists the shooting was an accident.
Some Payment Processors to Block Unlicensed Online Gambling Sites in UK
Some of the UK-based payment processors have agreed to block money transactions to and from unlicensed online gambling sites.
Ultimate Gaming Joins Forces With Peppermill Resort Spa Casino
LAS VEGAS - Ultimate Gaming, America’s first regulated online gaming operator, and Peppermill Resort Spa Casino, Reno’s premier AAA Four-Diamond resort, have agreed to terms in a joint marketing partnership.
Zynga Hits One-Year High: Surges 8 Percent on Poker News
Social gaming company Zynga saw its shares rise 8% Tuesday on news that it planned to enter the real money online gambling market in jurisdictions where the activity is legal.
CEO Don Mattrick spoke at a Morgan Stanley conference regarding his company’s mobile plans and expansion into more real money gambling markets.
The stock closed up 8.02% to $5.66, up 42 cents from its previous close of $5.24. It amassed a volume of 56,531,323, more than double its average of 27,192,600. It hit a low of $5.43 for the day and holds a one-year low of $2.50.
Equity Poker Network Acquires Action Poker
San Jose, Costa Rica - EquityPokerNetwork.com (“EPN”) announced today that it has acquired the long established Action Poker brand. The Network is positioning ActionPoker.com (“Action Poker”) as the European sister brand to the recreational poker site FullFlushPoker.com, which has quickly grown in popularity and player numbers since it’s real-money gaming launch in November last year.
Outrage Over Paddy Power Oscar Pistorius Murder Trial Betting Intensifies
The public – and presumably a chunk of Paddy Power’s customer base – have taken to Twitter to lambaste the Irish bookmaker for continuing to take bets on the outcome of South African paraplegic runner Oscar Pistorius’ murder trial.
Florida House Bill Would Not Permit Major Casinos in South Florida
TALLAHASSEE, Fla. — (Associated Press) - The Florida House is saying no to bringing major casinos to South Florida.
Paddy Power Defends Taking Bets on Oscar Pistorius Murder Trial: Angry Tweets
Controversial Irish bookmaker Paddy Power has defended its decision to offer betting on the outcome of Oscar Pistorius’ murder trial.
Pistorius, a paraplegic runner, claims he shot into a locked bathroom believing an intruder had entered the residence he shared with Steenkamp. Instead he fatally wounded his girlfriend.
Yahoo Sports Teams Up With Quicken Loans for ‘Billion Dollar Bracket Challenge’
Detroit-based Quicken Loans, the nation's third largest mortgage lender, today announced it has teamed with Yahoo Sports as the technology provider for the now named 'Quicken Loans Billion Dollar Bracket Challenge with Yahoo Sports' contest. Yahoo Sports designed the online bracket experience and will host the exclusive destination (www.quickenloansbracket.com) for the challenge as college basketball fans take their shot at becoming America's next billionaire.
What is a Good Pay Per Head for College Basketball?
With March Madness just around the corner, you might be asking yourself What is a good Pay Per Head business to handle your players for College Basketball?
Real Bookies has just joined the Gambling911.com family and we are thrilled to have them on board.
So what can Real Bookie offer your players?
Here is just a sampling:
Macau Revenue Surges 40 Percent in February
(Reuters) - China's gambling hub Macau raked in 38 billion patacas ($4.8 billion) in gaming revenues in February, boosted by strong spending from wealthy punters during and after a week-long national holiday.
Gambling revenue growth in Macau, a special administrative region that is the only place in China where casinos are allowed, was up 40 percent in February, far ahead of analyst estimates of between 29-35 percent.
Neteller Returns to the US: Shares Surge Nearly 3 Percent
Online payment solutions company Neteller announced Monday that it will be relaunching services in the US.
The company was forced to flee the US market in January 2007 after two of its founders were charged with violating anti-gambling laws. The Unlawful Internet Gambling Enforcement Act was passed just two months prior to the highly publicized arrests, with Gambling911.com breaking that news story.
Sands Employees Angry at Adelson Over Breach: ‘He Should Just Shut Up’
Employees of the Sands Casino Resort in Bethlehem, Pa., are outraged and angry that their personal information has been put at risk apparently because of their boss's outspoken political statements.
Sands Casino Bethlehem CEO Resigns Following Hacking
The CEO of Sands Casino Resort Bethlehem has resigned following a hacking that took down all Sands Las Vegas websites for nearly a week.
Robert DeSalvio, the President and CEO of the Sands establishment, is stepping down. It was revealed last week that the hacking had gone through Bethlehem, Pennsylvania. DeSalvio has insisted that his decision is unrelated to the hacking.
Infiniti Poker, The Bitcoin Room That Never Was, Vanishes
The wait is over…..really over.
NJ Authorizes Multi-State Slot Jackpots That Will Boost Winnings
ATLANTIC CITY (Associated Press) — New Jersey casino regulators approved a multi-state slots system designed to result in larger jackpots.
The state’s Division of Gaming Enforcement said Wednesday it has authorized a wide-area progressive slots jackpot system involving New Jersey and other jurisdictions, although other participants were not immediately announced.
The goal is to create larger jackpots that will be more appealing to players — some of whom will come to Atlantic City’s casinos for a crack at them.
William Hill Warns That Greyhounds and Horses May Need to be Slaughtered
Ralph Topping, the boss of William Hill, Britain’s largest bookmaker, warned that a UK curb on gambling will likely result in the mass killing of defenseless greyhounds and horses.
Dire Warning for Ladbrokes Head: ‘Better Capitalize on World Cup or Else’
Embattled Ladbrokes CEO Richard Glynn faces the axe this coming August if he can’t turn things around at the UK’s second largest bookmaking firm.
Bwin.Party Execs Get 550 Per Cent of Annual Salary: Founders Decline Offer
Bwin.Party shareholders on Monday voted a new pay scheme whereby top executives would receive up to 550 per cent of their annual salary. 70 per cent of voters approved the new deal, however, another 30 per cent objected.
Of those 30 per cent, it was telling that founders Ruth Parasol and her former husband Russell DeLeon were among them.
First Multi-State Online Poker Deal Set to Begin Today in US
The first interstate compact between two US states combining their respective player pools was set to begin Tuesday February 25, 2014.
